Bavarian official Peter Dreier called German Chancellor Angela Merkel to warn her personally of the consequences if Germany welcomes a million refugees, "because Germany now is somewhere at the edge of anarchy and sliding towards civil war, or to become a banana republic without any government. I hope that this threat will have some effect, but knowing the psychological things that Merkel does these days – I don’t believe in it, unfortunately."
Facebook Stock Dips & Rips After Andreessen Dumps 15% Of His Stake
Never mind that one of the "smartest people in the room" just dumped 15% of his stake, Facebook fanboys are buying the stock's dip with both hands and feet... you can't keep a good momo stock down.Stocks, Bonds, Commodities Tumble After Yellen's Hawkish December Hike Comments
Crude Prices Jump Despite 6th Consecutive Inventory Build & Surge In Production
Crude oil algos traders are buying WTI despite DOE reporting the 6th consecutive weekly inventory build in US crude stocks (confirming API's build at 2.8mm barrels). Furthermore, for the 3rd week in a row, US crude production rose (back to one-month highs).
This Time Is The Same - And Worse!
The current stock market melt-up hardly qualifies as limp. Even the robo-machines and hyper-ventilating day traders apparently recognize that their job is to tag the May 2015 highs and then get out of the way. So when and as they complete their pointless mission, the question recurs as to why the posse of fools in the Eccles Building can’t see that they are inflating one hellacious financial bubble; and that when it blows it will deconstruct their entire 7-year project of make-pretend recovery.
Schrodinger Schizophrenia: The Service Economy Is Both Soaring (According To ISM) And Sliding (According To PMI)
After US Manufacturing rose (Markit PMI) and dropped (ISM), US Services PMI dropped to 54.8 and has not been lower since January amid the weakest new order volume since January and poorest employment growth in 8 months. As Markit warns, "the survey data also reinforce strong arguments – notably a continued absence of inflationary pressures – that there is no rush to tighten policy." But then, just to top off all the idiocy, ISM Services surges from 56.9 to 59.1, smashing expectations confirming the "baffle 'em with bullshit" meme, as seasonal adjustments create a surge in new orders that was entirely not present in reality...
Yellen Faces Lawmakers In Testimony To House Committee - Live Feed
In one of four speaking appearances by high profile Fed officials on Wednesday, Donald Trump's favorite "politicized" central planner Janet Yellen is set to testify before the House Financial Services Committee this morning.
As The Market Crashed, The Biggest HFT Firm Made Out Like A Bandit
Submitted by Tyler Durden on 11/04/2015 - 09:45 While FX volatility, and frontrunning mammoth central bank orders was clearly profitable to Virtu, many were wondering how would the recently public company return to its roots of making the most money in equities. Earlier today, when Virtu released its earnings we got the answer: as the chart below shows, while the market was plunging in the third quarter, Virtu was making off like a bandit, with revenue from American Equities soaring by 68% to $46 million in the quarter - the highest quarterly revenue in that category Virtu has generated in history!
EURUSD Hammered To 1.08 Handle, 3-Month Lows
After Draghi's moar dovishness yesterday, this morning's "meh" US data has sparked another leg lower in EURUSD (as December rate-hike odds rise modestly from 52% to 55%). EURUSD is now trading with a 1.08 handle for the first time since early August... more pain for US corporate earnings...
Senators Open Investigation Into Drug Pricing; Request Documents from Valeant, Turing
In the wake of a series of high profile headlines regarding egregious increases in the price of prescription drugs, Senators Susan Collins (R-Maine) and Claire McCaskill (D-Mo.), who together lead the Senate Special Committee on Aging, have opened a bipartisan investigation into pharmaceutical drug pricing. In the crosshairs are Valeant, Turing, Retrophin (founded by Shkreli), and Rodelis.
The Most Important Chart You've Never Seen: Tax Receipts Top-Tick The Stock Market
This time is always different just before a bone-crushing decline.In New Audio, Video ISIS Says "We Downed" Russian Plane, Threatens Putin With Bowie Knife From Front Yard
US Trade Deficit Narrows 15%, Smallest Since Feb 2015 As Petroleum Imports Collapse
Against expectations of a $41bn deficit, September's trade deficit was practically in line at -$40.8bn, dramatically narrower than the revised higher (less negative) August print of $48.02bn as petroleum imports plunge to lowest since May 2004. With the smallest deficit since Feb 2015, The Fed is going to need a bigger boat to have enough debt to monetize when the looming rate hike drags the economy to the point of requiring more intervention.
ADP Employment Slows Further; Services Job Growth Weakens As Manufacturing Jobs Drop By 2,000
Having relatively disappointed all year, compared to 2014's high levels, ADP for October printed 182k (practically in with expectations of 180k and below September's revised lower 190k) - the lowest since July. Following September's biggest manufacturing job losses since Jan 2010, October saw further losses (-2k) and Services job growth slowed as small business gains dominated large business (which ADP reports facing strong dollar challenges). December rate hike odds were 52.0% before ADP with no significant change yet.
Volkswagen Tumbles Again As Emissions Scandal Deepens, Gasoline Engines Dragged In: Wall Street's Reaction
Submitted by Tyler Durden on 11/04/2015 - 07:09 "VW is leaving us all speechless."“This can get pretty ugly.”
Global Rally Continues After PBOC "Unintentionally" Sparks Market Surge With Stale News, Largest 2015 IPO Prices
The most entertaining overnight story has to do with the latest farcical development in the Chinese "market" when just after open, it was reported that PBOC Governor Zhou said a trading link with Shenzhen will start this year which promptly sent all Chinese brokerages soaring, and the Shanghai Composite jumped over 3%. And then, out of the blue, the PBOC said the undated comments were actually as of May. As Bloomberg put it, "China’s central bank unintentionally sparked a surge in the nation’s stock market by publishing five-month-old comments from governor Zhou Xiaochuan that said a link between exchanges in Shenzhen and Hong Kong would start in 2015."
An article published in the latest issue of the Proceedings of the National Academy of Sciences (PNAS),
documents that, ever since 1998 in the U.S, Whites who are of
non-Hispanic origin have been dying younger and younger, and that this
is especially true for those Whites who are low-educated (non-BA’ed) and
middle-aged (45- to 54-year-old). But it’s true also for the other
age-categories of non-Hispanic Whites.
This study, by Anne Case and Angus Deaton, “Rising morbidity and mortality in midlife among white non-Hispanic Americans in the 21st century,” published now in PNAS,
finds that, for the low-educated, group, “The change in all-cause
mortality for white non-Hispanics 45–54 is largely accounted for by an
increasing death rate from external causes, mostly increases in drug and
alcohol poisonings and in suicide.”
Read MoreIn a Tuesday interview, Donald Trump dismissed President Obama’s mocking of the GOP field at a high-dollar Democrat fundraiser in Manhattan Monday night saying that he can’t “handle the country.”
As reported by Western Journalism, the president said to the Leftward crowd, “Have you noticed that everyone of these candidates say, ‘Obama’s weak. Putin’s kicking sand in his face. When I talk to Putin, he’s going to straighten out. Just looking at him.’”
“Then it turns out they can’t handle a bunch of CNBC moderators at the debate. Let me tell you, if you can’t handle those guys, then I don’t think the Chinese and the Russians are going to be too worried about you,” Obama said.
Read More
from Wolf Street:
It hasn’t hit overall German exports yet. Year-to-date through August, total exports are up 6.6% from last year and are expected to set another record by year-end. Exuberance in Germany’s well-oiled export machinery still reigns.
But beneath the surface, German plant and machinery makers are getting slammed by the recessions in Russia and Brazil, the slowdown in China that officially still doesn’t exist, and the “turbulence” in the global markets, according to a report today by the German Engineering Federation VDMA.
Read More
It hasn’t hit overall German exports yet. Year-to-date through August, total exports are up 6.6% from last year and are expected to set another record by year-end. Exuberance in Germany’s well-oiled export machinery still reigns.
But beneath the surface, German plant and machinery makers are getting slammed by the recessions in Russia and Brazil, the slowdown in China that officially still doesn’t exist, and the “turbulence” in the global markets, according to a report today by the German Engineering Federation VDMA.
Read More
from USA Watchdog:
Financial writer and gold expert Bill Holter contends China has enormous debt problems, but a very good plan B. Holter explains, “China used fiat debt to build real infrastructure, and when the system blows up, the fiat debt blows away and they are left with infrastructure.
Do they have 20% bad loans? They very well could and probably do. If it is true that they are going to have a debt blow up, don’t forget China has been importing big tonnage of gold for years now. Over the last five years, they have imported 9,000 tons of gold. Their way out is the old way out. The old way out was to revalue gold higher. They could revalue gold and step up and say they will pay $50,000 or $100,000 per ounce for any and all ounces for sale. You can’t say there is not enough gold. What you can say is that it’s not priced correctly to support the system. If they have an implosion of debt which leaves their balance sheets impaired, the way to recapitalize the balance sheets is to revalue the price of gold higher. It creates capital, in other words.”
Financial writer and gold expert Bill Holter contends China has enormous debt problems, but a very good plan B. Holter explains, “China used fiat debt to build real infrastructure, and when the system blows up, the fiat debt blows away and they are left with infrastructure.
Do they have 20% bad loans? They very well could and probably do. If it is true that they are going to have a debt blow up, don’t forget China has been importing big tonnage of gold for years now. Over the last five years, they have imported 9,000 tons of gold. Their way out is the old way out. The old way out was to revalue gold higher. They could revalue gold and step up and say they will pay $50,000 or $100,000 per ounce for any and all ounces for sale. You can’t say there is not enough gold. What you can say is that it’s not priced correctly to support the system. If they have an implosion of debt which leaves their balance sheets impaired, the way to recapitalize the balance sheets is to revalue the price of gold higher. It creates capital, in other words.”
from, The News Doctors:
Jason Burack of Wall St for Main St and independent financial journalist and managing editor of The News Doctors, Eric Dubin are back for Episode #11 of their new Welcome to Dystopia podcast!
This week’s episode had special guest Executive Director of the Ron Paul Institute For Peace and Prosperity, Daniel McAdams.
Daniel McAdams is the executive director of the Ron Paul Institute. He formally served as the foreign affairs, civil liberties, and defense policy advisor to U.S. Congressman Ron Paul, MD (R-Texas) from 2001 until Dr. Paul’s 2012 retirement.
Read More
Jason Burack of Wall St for Main St and independent financial journalist and managing editor of The News Doctors, Eric Dubin are back for Episode #11 of their new Welcome to Dystopia podcast!
This week’s episode had special guest Executive Director of the Ron Paul Institute For Peace and Prosperity, Daniel McAdams.
Daniel McAdams is the executive director of the Ron Paul Institute. He formally served as the foreign affairs, civil liberties, and defense policy advisor to U.S. Congressman Ron Paul, MD (R-Texas) from 2001 until Dr. Paul’s 2012 retirement.
Read More
from X22 Report:
“Washington has joined Tokyo on the road to Leningrad.”
by Peter Schiff, Euro Pacific Capital:
Most economists and investors readily acknowledge that the current
period of central bank activism, characterized by extended bouts of
quantitative easing and zero percent interest rates, is a newly-blazed
trail in economic history. And while these policies strike some as
counterintuitive, open-ended, and unimaginably expensive, most express
comfort that our extremely educated, data-dependent, central bankers
have a pretty good idea as to where the trail is going and how to keep
the wagons together during the journey.
But as it turns out, there really isn’t much need for guesswork. As the United States enters its eighth year of zero percent interest rates, we should all be looking at a conveniently available tour guide along the path of perpetual easing. Japan has been doing what we are doing now for at least 15 years longer. Unfortunately, no one seems to care, or be surprised, that they are just as incapable as we have been in finding a workable exit. When Virgil guided Dante through Hell, he at least knew how to get out. Japan doesn’t have a clue.
Read More
by Peter Schiff, Euro Pacific Capital:
Most economists and investors readily acknowledge that the current
period of central bank activism, characterized by extended bouts of
quantitative easing and zero percent interest rates, is a newly-blazed
trail in economic history. And while these policies strike some as
counterintuitive, open-ended, and unimaginably expensive, most express
comfort that our extremely educated, data-dependent, central bankers
have a pretty good idea as to where the trail is going and how to keep
the wagons together during the journey.But as it turns out, there really isn’t much need for guesswork. As the United States enters its eighth year of zero percent interest rates, we should all be looking at a conveniently available tour guide along the path of perpetual easing. Japan has been doing what we are doing now for at least 15 years longer. Unfortunately, no one seems to care, or be surprised, that they are just as incapable as we have been in finding a workable exit. When Virgil guided Dante through Hell, he at least knew how to get out. Japan doesn’t have a clue.
Read More
by Gary Christenson, Deviant Investor:
A – 1913:
Gold was money in the United States. Double eagles ($20.00), Eagles
($10.00), and Half-Eagles ($5.00) circulated freely. Silver dollars and
smaller coins were common and used for commerce. And then the bankers created “The Federal Reserve.”
B – 1933: President Roosevelt issued Executive Order 6102 and forbid US citizens from owning gold. They received paper money in exchange. One $20.00 Double Eagle (0.9675 ounces gold) was exchanged for a $20.00 paper certificate. Gold was therefore valued at $20.67 per ounce.
Read More
A – 1913:
Gold was money in the United States. Double eagles ($20.00), Eagles
($10.00), and Half-Eagles ($5.00) circulated freely. Silver dollars and
smaller coins were common and used for commerce. And then the bankers created “The Federal Reserve.”B – 1933: President Roosevelt issued Executive Order 6102 and forbid US citizens from owning gold. They received paper money in exchange. One $20.00 Double Eagle (0.9675 ounces gold) was exchanged for a $20.00 paper certificate. Gold was therefore valued at $20.67 per ounce.
Read More
from The Daily Bell:
Thirty
years of stock market crashes – and the signs they were coming. Is
another stock market crash around the corner? … As the stock market
struggles to recover from “Black Monday” in August, many investors are
wondering how long it will be before the market regains the levels seen
before the crash … Here we look at seven of the stock market setbacks of
the past 30 years to see what lessons they hold for investors today. –
UK Telegraph
Dominant Social Theme: Once you’re in, never get out.
Free-Market Analysis: This Telegraph article was published in mid-October but we have seen many of the data points before and encountered the conclusions before as well.
It is worth examining because these arguments can be persuasive in their own way and counterarguments are not always obvious.
Read More
Thirty
years of stock market crashes – and the signs they were coming. Is
another stock market crash around the corner? … As the stock market
struggles to recover from “Black Monday” in August, many investors are
wondering how long it will be before the market regains the levels seen
before the crash … Here we look at seven of the stock market setbacks of
the past 30 years to see what lessons they hold for investors today. –
UK TelegraphDominant Social Theme: Once you’re in, never get out.
Free-Market Analysis: This Telegraph article was published in mid-October but we have seen many of the data points before and encountered the conclusions before as well.
It is worth examining because these arguments can be persuasive in their own way and counterarguments are not always obvious.
Read More
by Christina Sarich, Natural Society:
Jackson County, Oregon was already successful in banning genetically modified foods (known as GMOs) even though Big Ag tried to fight the democratic vote. Now another Oregon County is following suit.
Residents of Lane County have begun work collecting signatures to get a GMO crop cultivation ban onto the May 2016 ballot. They need 14,500 signatures by December 31st in order for it to come up for a vote among Lane citizens. Like all grassroots movements, they need help.
Read More
Jackson County, Oregon was already successful in banning genetically modified foods (known as GMOs) even though Big Ag tried to fight the democratic vote. Now another Oregon County is following suit.Residents of Lane County have begun work collecting signatures to get a GMO crop cultivation ban onto the May 2016 ballot. They need 14,500 signatures by December 31st in order for it to come up for a vote among Lane citizens. Like all grassroots movements, they need help.
Read More
by Pam Martens and Russ Martens, Wall Street on Parade:
It’s not every week that the regulator of the biggest banks in the U.S.
and one of those biggest banks are both warning of growing financial
risks.
On Sunday, Bank of America – the parent of Merrill Lynch and its more than 15,000 financial advisors – released a report calling the outlook for markets next year “perilous” and warning that “markets have not priced in quantitative failure.” The report came from Michael Hartnett, Bank of America’s Chief Investment Strategist and his team.
Yesterday, Thomas Curry, head of the Office of the Comptroller of the Currency (OCC) which regulates all national banks in the U.S., gave his second speech in a week and a half, using both occasions to warn of increasing credit risks at the biggest banks.
Read More…
It’s not every week that the regulator of the biggest banks in the U.S.
and one of those biggest banks are both warning of growing financial
risks.On Sunday, Bank of America – the parent of Merrill Lynch and its more than 15,000 financial advisors – released a report calling the outlook for markets next year “perilous” and warning that “markets have not priced in quantitative failure.” The report came from Michael Hartnett, Bank of America’s Chief Investment Strategist and his team.
Yesterday, Thomas Curry, head of the Office of the Comptroller of the Currency (OCC) which regulates all national banks in the U.S., gave his second speech in a week and a half, using both occasions to warn of increasing credit risks at the biggest banks.
Read More…
from Intellihub:
VAN WERT, Ohio — A strange fibrous material was once again spotted falling out of the sky.
This marks the third documented incident in the past 12 months involving a fibrous material of an unknown origin to have been dropped from the sky inside the Continental United States. But what makes government’s latest drop-spot for these ominous fibers particularly interesting, and even more concerning, is that for the first time it’s now happening outside of Arizona.
Information sent exclusively to Intellihub.com reveals:
Read More @ Intellihub.com
VAN WERT, Ohio — A strange fibrous material was once again spotted falling out of the sky.This marks the third documented incident in the past 12 months involving a fibrous material of an unknown origin to have been dropped from the sky inside the Continental United States. But what makes government’s latest drop-spot for these ominous fibers particularly interesting, and even more concerning, is that for the first time it’s now happening outside of Arizona.
Information sent exclusively to Intellihub.com reveals:
[…] the type fibers you mentioned in your Dec. 5 2014 Intellihub article have been falling from sky for 2 days now [Nov. 2 and Nov. 3] in our area. I have a sample in my possession. They seem to stick together at times in a clump and fall. If you block out the sun with your hand you can see them floating in the air easily. I don’t think they are spider webs as reported by some media.The source also mentioned how the fibers were “less clumped” on Nov. 3, than on the first and second.
Read More @ Intellihub.com
by Tony Cartalucci, Activist Post:
With the announcement of US special forces joining Western-backed
militants on the ground in Syria, many still appear confused as to
exactly what the implications of this move are. As if to assure the
public that indeed, the move is to use the so-called Islamic State
(ISIS/ISIL) as a pretext to invade and occupy Syrian territory, the Washington Post has published an article explaining the move in detail titled, “Obama has strategy for Syria, but it faces major obstacles.”
In it, it states openly that ISIS is being supplied via Turkey. It states specifically that:
With the announcement of US special forces joining Western-backed
militants on the ground in Syria, many still appear confused as to
exactly what the implications of this move are. As if to assure the
public that indeed, the move is to use the so-called Islamic State
(ISIS/ISIL) as a pretext to invade and occupy Syrian territory, the Washington Post has published an article explaining the move in detail titled, “Obama has strategy for Syria, but it faces major obstacles.”In it, it states openly that ISIS is being supplied via Turkey. It states specifically that:
They will increase air operations in northern Syria, particularly in the Turkish border area to cut the flow of foreign fighters, money and materiel coming in to support the Islamic State.Read More
by Paul Mason, The Guardian:
The 1st of October came and went without financial armageddon. Veteran forecaster Martin Armstrong, who accurately predicted the 1987 crash, used the same model to suggest that 1 October would be a major turning point for global markets. Some investors even put bets on it. But the passing of the predicted global crash is only good news to a point. Many indicators in global finance are pointing downwards – and some even think the crash has begun.
Let’s assemble the evidence. First, the unsustainable debt. Since 2007, the pile of debt in the world has grown by $57tn (£37tn). That’s a compound annual growth rate of 5.3%, significantly beating GDP. Debts have doubled in the so-called emerging markets, while rising by just over a third in the developed world.
Read More
The 1st of October came and went without financial armageddon. Veteran forecaster Martin Armstrong, who accurately predicted the 1987 crash, used the same model to suggest that 1 October would be a major turning point for global markets. Some investors even put bets on it. But the passing of the predicted global crash is only good news to a point. Many indicators in global finance are pointing downwards – and some even think the crash has begun.
Let’s assemble the evidence. First, the unsustainable debt. Since 2007, the pile of debt in the world has grown by $57tn (£37tn). That’s a compound annual growth rate of 5.3%, significantly beating GDP. Debts have doubled in the so-called emerging markets, while rising by just over a third in the developed world.
Read More
by J. D. Heyes, Natural News:
Wait, what? You mean you can actually lose weight eating an all-McDonald’s diet?
That’s according to one high school teacher, who is now a paid shill for the ailing fast-food chain, which finally posted a profit in the third quarter after seven straight quarterly losses.
His name is John Cisna, and he’s a 56-year-old science teacher from Iowa. In his book, My McDonald’s Diet, he claims that he lost more than 60 pounds in 180 days eating nothing but fare from the fast food giant. (However, in this Facebook picture, he appears to be enjoying some steamed broccoli, which is not exactly a McDonald’s menu item).
As CBS News reports, Cisna’s controversial dietary “advice” comes amid changes being made to school curriculum. Cisna is sparking criticism for taking his diet into about 90 high schools and colleges, with opponents saying what is patently obvious: he has become little more than a paid hack for the chain.
Read More
Wait, what? You mean you can actually lose weight eating an all-McDonald’s diet?That’s according to one high school teacher, who is now a paid shill for the ailing fast-food chain, which finally posted a profit in the third quarter after seven straight quarterly losses.
His name is John Cisna, and he’s a 56-year-old science teacher from Iowa. In his book, My McDonald’s Diet, he claims that he lost more than 60 pounds in 180 days eating nothing but fare from the fast food giant. (However, in this Facebook picture, he appears to be enjoying some steamed broccoli, which is not exactly a McDonald’s menu item).
As CBS News reports, Cisna’s controversial dietary “advice” comes amid changes being made to school curriculum. Cisna is sparking criticism for taking his diet into about 90 high schools and colleges, with opponents saying what is patently obvious: he has become little more than a paid hack for the chain.
Read More
from TomWoodsTV:
from TheDollarVigilante:
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